On 18 October 2013, PPB organised a financial talk entitled "Retirement Income Planning and Optimisation" for its employees and staff from other affiliated companies as part of its CSR programme. The 1-hour talk at its office premise attended by a total of 34 participants was facilitated by Mr Yap Ming Hui, the Managing Director of Whitman Independent Advisors, monthly columnist for Starbiz "Money & You" and author of many best-selling books on personal finance.
Mr Yap shared the following common mistakes made by many in their retirement plans:
- Under-estimate retirement living expenses by not factoring inflation
- ROI of retirement assets not optimised
- Retirement assets not diversified
The talk was a wake-up call to participants to develop a holistic action plan for their retirement. They were also encouraged to save according to their saving target as well as to grow savings and assets at optimal ROI rate.
The participants caught up with one another over lunch after the talk.